Historical Timeline — 1860

Economic Cycles

1861-65
Civil war prosperity and inflation

1866-67
Postwar recession

1868-1873
Railroad boom

1873-78
Depression and deflation

Farm Economy

1865-1900
Greenbackers and later Populists, representing debtors, fight deflation, high freight rates, and monopoly; these issues partly indicate a shift of power from agrarian to commercial interests after the Civil War

1869
Louis McMurray contracts with farmers near Frederick, MD for vegetables to be canned in his factory, the beginning of vertical integration

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